Are you new to gambling or do you consider yourself a gambling novice? If so, then not worry! The team here at the PlayersBest Academy are here to help you get ready for lift off. Just as an astronaut shouldn’t blast off into orbit without training, you shouldn’t start risking your own money without some prior knowledge. However, while astronaut training takes years of hard work and toil, our Sports Betting Guide and Casino Guide can both be studied in a matter of minutes.
In our academy, our team of experts will help you get to grips with all of the most basic betting concepts. Are you looking to learn about sports betting? Then our team has compiled an expert guide to sports betting for beginners. Looking to learn about casino games and how they work? Then not to worry! Our casino guide covers everything you need to know about each and every type of casino game. From classic slots to table games and live dealers, we’ve got you covered.
And what’s next?
Once we’ve got you to grips with the basics, we’ll then move onto providing you with our expert tricks of the trade. In other words, you’ll not only launch into the vast gambling galaxy with a knowledge of how everything works. Additionally, you’ll head out there equipped with the necessary tools to place your bets wisely and hopefully come back to Earth saying “Mission Accomplished!”
OK, now that you have an idea of what lies ahead, get yourself ready and report back to the betting flight simulator in 5…4…3…2…1…
Simple Science: A Sports Betting Guide
Firstly, a little bit of history. The routes of sports betting can be traced back over 2,000 years when ancient Greeks would bet on athletics. Subsequently, the concept spread to Rome, where it was legitimized. So how far has sports betting come? On the one hand, the basic concept of sports betting remains very much the same as it was in the beginning. That is to say, you place money on a predicted outcome you think will happen at a given sporting event. On the other hand, however, we’re simply light years ahead of the gambling of old. Since the popular forms of sports betting shifted from Main Street bookies into the online universe things have changed dramatically. In addition, the possibilities are now quite literally endless.
A Sports Betting Guide: Back to Basics
So, let’s take a look at how sports betting works. Firstly, in its most basic form, sports betting involves you placing money on something you think will happen during, or by the end of, a sporting event. If your prediction comes true, you win. If it doesn’t you lose. It’s not rocket science, right? Nope, not at all. However, there are a few points we need to look at a little more closely in order to fully understand the basic concept of sports betting. So, let’s take a look…
What can I predict?
Nowadays, there are literally countless types of common and obscure predictions you can bet on when it comes to a sporting event. The most basic predictions include winners, exact results and first goalscorers. On the other hand, you have more obscure predictions. For example, the number of free throws given in an NBA game or the number of corners in a soccer game. For the sake of ease, we’ll use the example of predicting a winner moving forward.
What sporting events can I make my predictions on?
To start off with the vague answer, quite literally anything. But let’s both generalize and narrow it down here for the sake of our Sports Betting Guide. At the most common base level, you can bet on a single game or match. For example, the Maple Leaves are playing the Canadiens. You predict the Maple Leaves will win, and if they do, you win money.
You could also bet on a larger competition. Let’s take the NHL as an example. You could, say, predict at the start of the season that the Maple Leaves will win the Stanley Cup. If they go on to do so, you’ll win money. And as the probability of them winning the Stanley Cup is lower than them winning a single match, you’ll win more money than you would on the single match bet. But we’ll explain more about the probability later on.
Now, let’s briefly take it to an international competition with multiple sports. For example, let’s use the Olympic Games, one of the most ancient sporting competitions to bet on. You could, let’s say, bet on a single athlete to win a single competition. Or, on a much larger scale, you could bet on which country will win the most accumulative medals.
How do I know how much I stand to win?
Well, that depends on 2 simple factors. Firstly, it depends on how much money you stake. And secondly, it depends on the odds of what you’re betting on. In a nutshell, the stake refers to how much money you place on your predicted outcome and the odds are the bookies’ perceived probability of that outcome coming true. Let’s take a look at those 2 in a little more detail, shall we?
Sports Betting Guide: Stakes
Actually, stakes aren’t specific to sports betting, as it is a common term used across the whole gambling galaxy. In essence, a stake is the amount of money you risk on the outcome you’ve predicted. Here in Canada and down in the US, it’s also sometimes referred to as a wager. To summarize how a stake works: the more money you stake, the higher the financial risk. However, the potential financial winnings are also higher.
Sports Betting Guide: Odds
In order for you to learn sports betting correctly, it’s vitally important to understand odds. Fortunately, the basic concept of odds is fairly straightforward. However, getting a greater concept of odds understanding requires a little more studying. Luckily, we have a more detailed beginner odds guide for you here at PlayersBest. However, let’s still take a look at the very basics of how odds function…
In summary, odds are a mathematical calculation and representation of the chances that your prediction comes true. In the case of sports betting, the odds are calculated by the bookmaker with the view of protecting their business model while also giving you a realistic chance of winning so the bet appears enticing. The longer the odds, the less chance you have of winning but the more you stand to win. With shorter odds, you have a better chance of winning but stand to win less. For example, if the odds are 2/1 and you stake C$10, you would win double your stake AND get your stake back. So, to lay that down in numbers it’s C$10 x 2 + C$10 = C$30.
How are odds represented?
You get 3 different types of odds; decimal, fractional and American odds. Most importantly, American odds are the most common form used here in Canada. We won’t go into too much detail here, however, you can find a fully comprehensive betting odds tutorial.
Sports Betting Guide: In Summary
So there you have it, our very basic beginner’s sports betting guide. However, what we’ve given you there is merely the tip of the iceberg. Please, continue to explore our academy to further your sports betting knowledge & tools before blasting off into the sports betting cosmos! Additionally, my colleagues elsewhere in the PlayersBest Gym will be sure to provide you with betting strategies and guides on how to navigate specific sports betting platforms.
If you’d care to follow us through to the next stage of your training. Here, we’ll equip you with the basic tools and knowledge required for you to successfully navigate the Casino Cosmos! In addition to providing you with a general understanding, we’ll also provide you with our top casino tips for beginners.
Our Cosmic Casino Guide
Once again, please allow us to start off with a little bit of history here. So, how long have casinos been around in the known universe? Officially, the first named casino was the Ridotto in Venice, which opened in 1683. However, there is evidence to suggest that the first casinos were actually established almost 300 years before this, in 14th century Japan.
OK, that’s great, but what exactly is a casino?
Right, let’s bring our casino guide back down to the very basics here. Historically, the term casino was used to refer to a room or building where people could come together to play gambling games. However, since humanity’s launch into the digital and internet age, the definition has been broadened to include online spaces. This is because online casinos have now overtaken brick and mortar casinos as the most used in the universe.
And what’s the purpose of a casino?
In short, fun. Casinos were invented and remain in existence today as a place where people can go to have fun. Naturally, all of that fun is centred around gambling games. And of course, there is the chance of both losing and winning money. But what’s most important to remember is that it’s supposed to be fun. So, if it goes too far and the fun ever stops, you know it’s time to take a break.
Casino For Beginners: A Guide to the Galaxy of Games!
When you think of a casino, your mind probably conjures up images of fruit machines, playing cards, chips and velvet tables. Additionally, you probably have images of elegantly dressed players and dealers in bowties. Head to Las Vegas and you might still see all of that, however online casino games can be quite different. That being said, they still have their origins very much rooted in the classic casino games that Las Vegas helped us to know and love.
So, let’s take a look at the most popular games in the online casino universe…
A Casino Guide to…Slots
Probably, slots are among the first things you think of when the word ‘casino’ comes to mind. Classic slot machines are the spinning fruit machines you’d find in your typical brick and mortar casino. Essentially, a slot machine is powered by a random number generator that creates a potentially exciting game of chance for those who play it. Basically, the aim is to line up the same symbols to win money. However, in the modern day, there are also wildcard symbols and side games to take into account as well.
So, what are online slots?
Essentially, online slots are digitized versions of these classic slot machines that helped catapult them into the online universe. Today, classic online slot games and the more impressive video slots usually make up the bulk of any online casino’s game catalogue. They are quick, fun to play and require relatively low stakes.
A Casino Guide to…Table Games
‘Table Games’ are games of chance in which the player plays against the casino. The majority of table games are played with cards, including blackjack, baccarat and craps. However, perhaps the most popular table game isn’t played with cards, namely roulette. Roulette involves a spinning wheel that’s divided into colours and numbers and a small ball.
In a traditional casino, table games are played against a dealer. However, in online casinos, table games are played against a digital device that’s randomized, similar to slot games. That being said, most online casinos today also have a live casino, where you can play table games with a live dealer via video link. Table games are popular as you can more easily calculate your chances of winning compared to slots. In particular, this is true with roulette.
A Casino Guide to…Live Casino Games
Live casinos are the newest and most innovative concept to sweep right across the online casino cosmos. Basically the object of a live casino is to replicate the action and excitement of table games found in traditional brick and mortar casinos. With live casino games, you play and place your bets with a real human dealer, who is broadcast to you via audio and video link in real-time. As well as being more immersive and exciting for you as a player, most online casinos offer higher limits and potential prizes. In addition to traditional casino table games, you’ll also find more modern games in your average online casino. For example, popular live casino games today include game show style games, such as quiz and task shows.
A Casino Guide: Our Cosmic Conclusion
So there you have the basics of traditional & online casinos and how they work. However, if truth be told that’s just the tip of the iceberg. We’ve still to study the odds, stakes and jackpots as well as our top tips and tricks. Not to worry, however, carry on your journey through our academy and my colleagues will be only too happy to continue with your training. Rest assured, you’ll be ready to blast off into the online casino cosmos in no time!
Important notes for a safe gambling galaxy voyage
Before you continue on into the rest of our Academy, we feel it’s important for us to leave you with some of our top 3 tips for a safe maiden voyage into the gambling galaxy. So, without further ado, let’s go ahead with some of our wise words of universal wisdom…
Know your limits
You don’t want to fall into a betting black hole. So give yourself a budget and stick to it. Trust us when we say, you don’t want to get in over your head, especially not at the start. Similarly, also set yourself timing limits so you don’t spend too long on an online casino or sports betting site.
Start small and simple
Basically, this is just common sense. Don’t start off by blowing your whole budget on a one-off bet with ridiculous odds and a low probability. Be smart and create a strategy. For example, start with a small bet on a likely winner. True, you may not win much at first, but you’ll accumulate less risk and still at least end up with more money than you started out with.
Stick to what you know
It may be early on in your journey into the gambling galaxy. But stick to what you already know or have been learning here in the PlayersBest Gym Academy. For example, if you’re already a soccer fan and are just getting into gambling for the first time, then start off by betting on soccer rather than horse racing. Similarly, if you’ve been reading up on your slot games, then stick to them rather than table games.
Now, continue your training and prepare for lift off
Whether you’re interested in sports betting, casinos or both, we hope that we’ve managed to help you take the first steps on your betting journey today. Our aim here was to provide you with some basic information alongside a general picture of how sports betting and online casinos work before you move onto a specific casino guide. Now, are you interested in learning some more specific tricks of the betting trade? Then please follow us into the next room, as we prepare for the next step in your training before we blast off into the gambling galaxy and beyond!